India among few countries with liberal tax regime for start-ups: Prabhu

India among few countries with liberal tax regime for start-ups: Prabhu

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Last Updated: Fri, Mar 08, 2019 12:00 hrs

India has a fast-growing community of start-ups, which is creating new jobs and ensuring rapid economic growth, Minister of Commerce and Industry Suresh Prabhu said on Thursday.

At the same time, private equity funds are growing in an investor-friendly environment, he said while addressing delegates at the Indian Private Equity and Venture Capital Association (IVCA) Conclave 2019.

"We will need investments in all sectors, including infrastructure and agriculture among others. We will ensure that we can get liquidity and growth in India."

Prabhu said India is among the few countries globally with a favourable tax regime for start-ups.

"You have a friend in the government to develop India together. Start-ups will play a pivotal role. If you work on more new ideas, we will reach greater heights."

The government has put in place investor-friendly regulations to attract investments from across the globe, said the minister.